Not my first trip. Ive been to the border many times. This important aspect of this visit is having this visit after the work we did in guatemala and mexico. I said back in march i was going to come to the border. This is not a new plan. Harris however, critics are asking if this is too little too late. The Vice President finally went to the border 93 days after President Biden named her point person on the migrant crisis as i mentioned. Leaders in both Political Parties say Kamala Harris is avoiding the real trouble area. When it comes to the numbers encounters with people flowing in illegally has surged by nearly 450 in the el paso sector in the first part of this year. Thats bad. But thats certainly not the real epicenter of what were seeing. In the rio grande sector the numbers are up 700 . In fact, the texas Lieutenant Governor dan patrick is calling what he is seeing an invasion at this point. It is an invasion. I know people dont like that word. Some people dont like it but its
Happening here. We continue with this outperformance from the small caps. We continue with this rotation. Abigail we do, and today is relatively subtle. The outperformance came from energy and financials, which at the end of the day finished higher. Today we are once again seeing movement into the cyclical sectors even though the s p 500 on the surface is basically flat. The nasdaq 100 is lower. You were mentioning the small caps. The russell out another alltime high on the day. You again have investors moving to small caps, value, the cyclical sectors. Theres the financials. Industrials, energy, real estate can materials, all of the sectors in green are the growth and cyclical sectors. On bottom, you have tech and communication services. It is pretty interesting because tech is really being weighed on by apple right now, and they have cut their developer fees by to 15 from 30 . That is a pretty decent chunk of revenue in the past fiscal year, 1 3 of it to those apt of elements. That i
The chicago fed president australia heads into earnings season amid the worst recession in decades and a pandemic crippling the economy promises to be one of the most challenging periods on record. Shery u. S. Futures opening flat. This after they finish mixed on the friday session. We had u. S. Stocks falling with the s p 500 flat after five sessions of gains. We have escalating u. S. China tensions. Some positive data. We have the dollar inventing after u. S. July job dated beat estimates. The nasa composite was led lower. Composite was led lower. We had small caps leading the gains on those better than expected econumbers out of the u. S. Here is how oil is trading. We are seeing oil gaining ground above 41 a barrel with brent coming in around 44 a barrel. This after the biggest loss in a week. Not only u. S. And china tensions but the outlook for the u. S. Stimulus. They saw the biggest advance since early july. See some are going to of those uncertainties, the lack of a deadline w
Officials caution that those next steps must be Done Gradually thats right and tonight there are nearly 8,000 confirmed cases of coronavirus here in the bay area and 280 people have died from the virus. Alameda and Santa Clara County both reported new deaths today. Santa clara continues to lead the bay area with more than 2000 covid19 cases and 107 deaths today, the shelterinplace order that affects most of the bay area was officially extended through may 31st. The new order largely keeps the existing order in place but there are some changes to be aware of kron fours Justine Waltman live for us in the newsroom with the details on what those changes are justine well can the next month of shelter in place is going to look. A little bit different for Santa Clara Alameda contra costa, san Mateo San Francisco and marin counties. Thats because Health Officials are easing some restrictions and letting some businesses return to work most construction will now be allowed as long as physical di
Coronavirus cases continue to rise as the fallout cripples the Global Economy. China may be forced to abandon growth targets for the year. We are just getting some news crossing the bloomberg when it comes to expectations for summer earnings out of we are expecting a pretty down quarterly in terms of the impact for the asiapacific. We will be bringing those to you shortly but in the meantime, we have data out of south korea. Shery we are getting the current account numbers for south korea for the month of march. Current account surplus coming in at 6. 2 3,000,000,000 fine 6. 23 billion dollars. The current account surplus narrowing a little bit from the previous month of february. Also, the month of february being revised lower to 6. 4 billion. The goods trade balance coming in at 7 billion. The surplus was a little larger than the previous month. Given that we do have the coronavirus pandemic and april export numbers really taking a hit, the march current account numbers not looking t